Kendall Capital Management Acquires Shares of 31,695 Unum Group $UNM

Kendall Capital Management bought a new position in Unum Group (NYSE:UNM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 31,695 shares of the financial services provider’s stock, valued at approximately $2,834,000.

Several other institutional investors have also made changes to their positions in the company. Prosperity Consulting Group LLC raised its holdings in shares of Unum Group by 1.6% during the first quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider’s stock valued at $596,000 after acquiring an additional 128 shares during the period. D.A. Davidson & CO. lifted its position in shares of Unum Group by 1.9% in the 1st quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 144 shares in the last quarter. WPG Advisers LLC boosted its stake in Unum Group by 12.5% in the 2nd quarter. WPG Advisers LLC now owns 1,301 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 145 shares during the period. Smartleaf Asset Management LLC boosted its stake in Unum Group by 5.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,781 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 149 shares during the period. Finally, Larson Financial Group LLC grew its position in Unum Group by 0.4% during the 4th quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider’s stock worth $2,934,000 after purchasing an additional 159 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Stock Up 0.9%

Unum Group stock opened at $87.75 on Friday. The firm has a market cap of $13.89 billion, a PE ratio of 20.45, a P/E/G ratio of 0.93 and a beta of 0.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34. The firm’s 50 day moving average price is $89.38 and its two-hundred day moving average price is $81.70. Unum Group has a twelve month low of $68.70 and a twelve month high of $94.55.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.16. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $2.90 billion. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business posted $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, research analysts predict that Unum Group will post 8.65 EPS for the current fiscal year.

Unum Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were issued a dividend of $0.505 per share. This is a positive change from Unum Group’s previous quarterly dividend of $0.46. This represents a $2.02 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, July 24th. Unum Group’s dividend payout ratio is 47.09%.

Analyst Ratings Changes

UNM has been the topic of several recent analyst reports. Evercore reissued an “outperform” rating and set a $106.00 target price on shares of Unum Group in a research note on Tuesday, July 7th. JPMorgan Chase & Co. decreased their target price on Unum Group from $101.00 to $98.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Atlantic Securities set a $88.00 price target on Unum Group in a report on Wednesday, July 15th. Jefferies Financial Group upped their price target on Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Morgan Stanley increased their price objective on Unum Group from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Unum Group has an average rating of “Moderate Buy” and a consensus price target of $99.00.

Unum Group Company Profile

Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.